Posts with tag: algorithms
Walmart CFO seeks to calm investor concerns about 2025 guidance, citing strong January performance and prudent approach amid market uncertainty.
Published on: February 20, 2025, 11:03 PM UTC
RingCentral reports Q4 loss of $7.2 million, but beats estimates with adjusted EPS of 98 cents. Revenue of $614.5 million also tops forecasts. Company expects Q1 earnings of 93-97 cents per share on revenue of $607-612 million. Full-year earnings projected at $4.13-4.27 per share.
Published on: February 20, 2025, 10:05 PM UTC
US stocks fell on Thursday as investors weighed Walmart's cautious outlook and the potential impact of President Trump's planned tariffs and policy shifts. The Dow Jones Industrial Average (^DJI) fell about 500 points, or around 1.1%. The S&P 500 (^GSPC) dropped 0.5%, coming off its second record close in a row on Wednesday, while the tech-heavy Nasdaq Composite (^IXIC) backed off about 0.5%.
Published on: February 20, 2025, 09:02 PM UTC
Citigroup will no longer require a diverse slate of candidates for job interviews, its CEO said in a memo on Thursday.
Published on: February 20, 2025, 09:00 PM UTC
Defense Secretary Pete Hegseth plans to reduce projected US military spending by 8% over the next five years, with some exceptions including border enforcement, nuclear weapons modernization, and air force drone programs.
Published on: February 20, 2025, 08:00 PM UTC
CRA International Inc. reported Q4 earnings of $15 million, topping Wall Street expectations of $1.59 per share. For the year, the company reported a profit of $46.7 million and revenue of $687.4 million.
Published on: February 20, 2025, 02:05 PM UTC
CVS, PFE, GDRX, LLY, and HIMS saw stock price increases in a recent market update. Pharmaceutical companies and pharmacy benefit managers are in a heated battle in Washington, D.C. PBMs defend their value, but a bipartisan investigation questions their rebate strategy.
Published on: February 20, 2025, 02:02 PM UTC
Pharmaceutical companies and pharmacy benefit managers (PBMs) battle in Washington, D.C., over patient savings and limiting patient choices. PBMs defend their value in healthcare, while scrutiny intensifies over their rebate strategy and impact on drug costs. New models like GoodRx and Cost Plus Drugs emerge as alternative drug access options, challenging the traditional role of PBMs.
Published on: February 20, 2025, 01:02 PM UTC
Fed rate cuts are still possible this year as policymakers assess the economy and digest new Trump administration policies, Atlanta Fed President Raphael Bostic says.
Published on: February 20, 2025, 10:02 AM UTC
United Airlines faces potential revenue loss due to decreased government employee travel following the Trump inauguration and government layoffs led by the Department of Government Efficiency.
Published on: February 20, 2025, 08:01 AM UTC